The 10 best small cities for educated millennials
Vkulikov, Wikimedia CommonsWhile big cities such as New York and Washington, DC often appeal to educated millennials, a number of small cities also have a lot to offer young people.
In a new report on the top destinations for young college graduates, the American Institute for Economic Research ranks cities based on economic and quality-of-life factors that are important to young people.The top three factors include: high density of people with a college degree, a low unemployment rate, and the ability to get around the city without a car.
Iowa City, Iowa topped the list of most desirable "smallest" cities for educated young people. The report defined young educated people as those 22 to 35 years old with at least a bachelor's degree, and it defined "smallest" cities as those having metro areas with fewer than 250,000 residents.Here are the top 10 smallest cities for young educated people:
10. College Station, Texasnumber two best small place for business and careers by Forbes, College Station offers an abundance of research opportunities, with ongoing projects funded by NASA, the National Institutes of Health, the National Science Foundation, and the Office of Naval Research. It's also home to the main campus of Texas A&M University and the George Bush Presidential Library.
9. State College, Pennsylvania
Metro area population: 155,000. State College offers a thriving social scene, with dozens of restaurants and bars concentrated in the downtown area. Additionally, young professionals earn an average salary of $46,399, while only paying about $940 a month for housing.
8. Burlington, VermontWikimedia Commons
Metro area population: 215,000. Located on the eastern shore of Lake Champlain, the sweeping views of the Adirondack Mountains are unrivaled, and the biking paths, sailboat rentals, and strong restaurant scene are particularly attractive to young folks.
Burlington is also home to the first Ben & Jerry's, founded in 1978.
7. Bloomington, IllinoisDaniel Schwen/Wikicommons
Another perk: rent averages out to $889 per month, making it one of the most affordable places to live.
6. Columbia, Missourisixth best small town for business and careers by Forbes, Columbia's economy is dominated by education, healthcare, and the insurance industry. The University of Missouri is the towns largest employer.
5. Bloomington, IndianaIndiana University, Bloomington has an obvious allure for young professionals with its thriving music scene. Every fall, the world-renowned Lotus World Music and Arts Festival takes place in the streets of Bloomington, where artists from all over the world perform.
4. Champaign-Urbana, Illinoisstantontcady, Flickr
Metro area population: 205,000. While surrounded by farm communities, Champaign-Urbana's proximity to the University of Illinois and its abundance of tech startup companies makes it a popular destination for millennials. The average young graduate can earn $47,121 a year and live comfortably for about $815 a month.
3. Lawrence, Kansas
Also, the paychecks in Lawrence are larger than most small metros, averaging out to $51,732 for educated people between 22 and 35.
2. Ithaca, NYbest college town in the past; it's also a great town for young graduates. Surrounded by strong schools such as Ivy League institution Cornell University and Ithaca College, it's no surprise that Ithaca would appeal to young, educated people.
1. Iowa City, Iowa, home to the University of Iowa, offers young graduates a growing technology corridor, low rents, and a diverse population.
Over half of the population has a bachelor's degree (51.5%), only 3% of the labor force is unemployed, and recent grads earn an average of $42,511 per year.
- Mandatory 14-days quarantine for Delhi residents returning from Kumbh Mela, says Delhi Disaster Management Authority
- Check out the youngest players in IPL 2021
- JEE Mains entrance exam postponed amid surge in COVID-19 cases
- Delhi CM Arvind Kejriwal says COVID-19 positivity rate has gone up to 30%, only 100 ICU beds left
- India records highest single-day rise of 2,61,500 COVID-19 cases and 1,501 deaths